Election 2018: Proposition 5 Property Tax Break

A for sale sign is posted in front of a home for sale on February 23, 2015 in San Rafael, California. (Photo: Justin Sullivan/Getty Images)

As part of our Election 2018 coverage, we’ll take a look at Proposition 5, which would give a property tax break to homeowners age 55 and above who buy and move into more expensive homes. Proponents say the measure would free up housing stock by incentivizing seniors to sell their homes. But opponents cite a report from the Legislative Analyst’s Office that found local governments could miss out on as much as $1 billion in revenue a year. We discuss the pros and cons of prop 5. What questions do you have about the measure?